First Insurance Group Blog: surety bonds
View the latest blog posts from First Insurance Group.
Wednesday, June 24, 2020Surety bonds are essential for small business owners who work on a contract that requires a performance guarantee (e.g. the delivery of goods or services). Take some time to learn about these third-party promises to pay and how they may help you gain more business. The Purpose of a Surety Bond READ MORE >>
Wednesday, February 26, 2020A surety bond is an obligation that guarantees a certain contract will be fulfilled as promised. You may be asked to purchase a surety bond if you’re performing a government job or construction work. Before purchasing a surety bond, it’s important to understand the structure of the agreement and what boundaries you must operate within. READ MORE >>
Wednesday, June 5, 2019If your business deals in contracts, then clients expect you to do your work correctly. If you fail to do so, then you might have to pay for the client’s losses. Sometimes, your commercial liability insurance can help you do so. However, in other cases, you will have to compensate the clients according to the terms of surety bonds. READ MORE >>
Monday, January 18, 2016Your business is your passion and your livelihood. Without it, how would you support your family? What would your employees do to financially sustain their families? It's crucial to think about this, since the business landscape is ripe with danger. READ MORE >>